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MBA or Master of Business Administration in Real Estate Management is a postgraduate degree programme in the field of management. The course duration is two years, spread across four semesters. The MBA Real Estate Management course not only teaches students about real estate in the Indian subcontinent but also helps students understand the concepts in an international context. After graduating with an MBA degree in Real Estate Management, the candidate can explore a variety of career opportunities. Companies hire students as development managers, corporate or property asset managers, community association managers, and real estate consultants.
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Particulars | Values |
|---|---|
Course Name | MBA Real Estate Management |
MBA Real Estate Management Course Duration | 2 years |
MBA Real Estate Management Eligibility Criteria | Bachelor’s degree |
MBA Real Estate Management Admission Process | Entrance Exam and Personal Interview |
MBA Real Estate Management Average Fees | Rs. 13.0 lakhs |
MBA Real Estate Management Average Salary | Rs. 6.0 Lakhs |
MBA Real Estate Management Entrance Exams | CAT/XAT/NMAT/XAT/CMAT |
MBA Real Estate Management Top Companies | Godrej Properties, CIM Group, Roha Realty, Mahindra Lifespaces, CBRE, Oberoi Realty, Colliers |
MBA Real Estate Management Job Positions | Corporate or Property Asset Manager, Community Association Manager, Real Estate Consultant, Development Manager |
MBA Corporate Management eligibility criteria are very similar to other MBA specialisations. The eligibility details of the MBA Real Estate Management course can be found on the official website of the institute or the programme brochure. In the table below, we have mentioned the MBA Real Estate Management eligibility requirements.
| Eligibility Parameters | Details |
|---|---|
| Educational Qualification | Bachelor's degree from a recognised institute in India |
| Minimum aggregate score | 50 per cent aggregate score, 5-10 per cent relaxation for candidates belonging to the reserved categories |
| Work Experience(1-2 years) | 1-2 years (depending on the institute) |
Admissions to the MBA Real Estate Management are provided based on entrance exams such as CAT, XAT, MAT, CMAT, and NMAT. Along with the entrance exam scores, candidates need to appear for a university-specific interview round to get admission into various colleges. Listed below is the admission process for an MBA in Real Estate Management.
Step 1- Eligibility Criteria
Candidates interested in studying the MBA Real Estate Management should meet the eligibility requirements of the course.
Step 2- Fill out the online application form
Students should carefully fill in the required information before submitting the online application form.
Step 3- Successfully clear the entrance examinations
Once they submit the online application form, students should appear for the entrance examinations and meet the cutoff score.
Step 4- Personal Interview and Group Discussion
Upon clearing the entrance examinations, students also need to attend personal interviews and/or group discussion sessions. Some institutes also conduct aptitude tests apart from these examinations.
Step 5- Pay the course fees and submit relevant documents
Students should pay the specified course fees and submit relevant documents to conclude the admission procedure.
Admissions to MBA Real Estate Management is provided based on entrance examinations like CAT, XAT, and NMAT. Students are advised to check the eligibility criteria required to sit for the exam. The merit list released after these exams and the counselling session constitutes the admission process for the course.
Exam Name | Conducting Body | Exam Pattern |
|---|---|---|
Indian Institute of Management Lucknow | ||
All India Management Association (AIMA) | ||
National Testing Agency | ||
Xavier School of Management | ||
Graduate Management Admission Council | ||
Graduate Management Admission Council | - |
Students can choose from a variety of specialisations as per their interests. These MBA specialisations cater for the diverse needs of the students. Students can choose the specialisations depending on their interests and future goals. Listed below are some of the popular specialisations offered in an MBA degree.
The course curriculum of an MBA in Real Estate Management is spread across two years, consisting of four semesters. Apart from theoretical classes, various guest lectures by industry experts and academic leaders enhance the learning experience of the enrolled students. The course curriculum by Narsee Monjee Institute of Management Studies is provided below.
Semester 1 | |
Business Communication | Principles of Economics |
Accounting and Finance- 1 | Marketing Management |
Business Statistics | Urban Development |
Real Estate Industry and Dynamics | Workshop- Ethical Principles and Practices |
Semester 2 | |
Business and Construction Law | Managerial Practices in Real Estate |
Accounting and Finance | Organisational Behaviour |
Human Resource Management | Marketing Research |
Operations Management | Construction Materials |
Workshop- Building Planning and Design | - |
Semester - 3 | |
Economics of Housing and Urban Development | Real Estate Investment Analysis |
Project Management | Building Approvals and Documentation |
Building Services | Quantity Surveying & Estimation |
Modern Construction Techniques | Workshop- Construction Safety |
Semester- 4 | |
Strategic Management | Marketing in Real Estate |
Tools and Techniques for Scheduling and Project Planning | Technology Applications in Real Estate |
Real Estate Asset Classes | Managing Mega Projects |
Facility Management | Smart Cities |
Workshops- Mortgage and Home Equity | - |
Semester- 5 | |
Real Estate Transactions, Alliances and Joint Ventures | Real Estate & Infrastructure Financing |
Emerging Asset Classes | Global Infrastructure and Real Estate |
Disruptions in the built environment | - |
Semester- 6 | |
Entrepreneurship in Infrastructure and Real Estate | Sustainable Real Estate Development |
Investment Portfolio Management | Real Estate & Infrastructure Valuation |
Independent Study and Dissertation | Workshop- Negotiation Skills and Processes |
Private and public universities charge various prices for this course. In general, private colleges and universities are more costly than those that are administered by the government. The average tuition fee for an MBA in Real Estate Management is Rs. 13 Lakhs.
In recent times, the real estate sector is maturing a lot because of updated rules and regulations. With the industry growing throughout India's rural and urban areas, students pursuing an MBA in Real Estate Management have the opportunity to explore a variety of career opportunities. Candidates can explore job profiles as Corporate or Property Asset Managers, Community Association Managers, Real Estate Consultants, or Development Managers at various leading organisations.
Students who complete this course will have a thorough understanding of the laws, customs, and principles governing the purchase and sale of real estate. Students with an MBA in real estate management can get varied roles to work in, Some of those roles include:
| Job Profiles | Job Descriptions | Average Salary |
|---|---|---|
| Property Manager | Property Managers are professionals who optimise a client's property holdings. They frequently offer property recommendations, look for opportunities in markets, and support real estate transactions. | Rs. 6.5 LPA |
| Community Association Manager | The Community Association Manager's main duty is to ensure that the demands of the homeowners are satisfied. They also make sure that the association's rules and procedures are strictly observed. | Rs. 9 LPA |
| Real Estate Consultant | Real estate consultants are specialists who provide direction and assistance in the acquisition of commercial real estate. In addition to doing data analysis and research, consultants offer various development-related services to real estate developers. | Rs. 4.3 LPA |
This course provides students with knowledge about different concepts of real estate. Apart from lectures, the course also requires students to have a three-month internship, which allows students to apply what they learn in the classroom to real-world situations. MBA Real Estate Management also enriches the students’ learning experience by including a series of national and international workshops in the curriculum.
The average salary of an MBA Real Estate Management graduate depends on various factors. Some of the factors influencing the average salary are the skills and experience of the graduate, the location of the company, and the job role opted by the graduate. In the table discussed below, we have mentioned the average salary of popular job profiles in MBA Real Estate Management.
Sectors | Average Salary |
|---|---|
Private | Rs. 3 LPA-Rs. 50 LPA |
Source: Ambition Box
Frequently Asked Questions (FAQs)
To be eligible for the MBA Real Estate Management course, candidates should hold a bachelor's degree in any relevant discipline with a minimum score of 50 per cent.
After graduation, candidates are prepared for a variety of job profiles. Candidates are free to choose their job profiles. Some of the popular job roles are Corporate or Property Asset Manager, Community Association Manager, Real Estate Consultant, or Development Managers at reputed companies
Some companies that hire students after graduation from MBA Real Estate Management are Godrej Properties, CIM Group, Roha Realty, Mahindra Lifespaces, CBRE, Oberoi Realty, and Collier.
The average salary one can earn after the completion of an MBA in Real Estate Management is Rs. 6 LPA.
On Question asked by student community
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